What is Globalisation?

Globalisation is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. The goal is to increase material wealth, goods, and services through an international division of labor. A Company like Adidas would pay a third-world country to do all the labour of stitching and buying the goods for not nearly the amout that they would have to pay if they bought it from a first-world country. Then they sell the goods in a country like America, Australia or England for much more then they paid! These Companies are known as Trans National Companies or TNC.

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